Week in Regulation

Just $1.3 Million in Costs

This week regulators published a smattering of routine airworthiness directives and food importation proposals. Final costs accelerated by only $1.3 million, with $22.6 million in total burdens and roughly 8,500 paperwork burden hours. The per capita regulatory burden for 2017 is $449.

Regulatory Toplines

  • New Proposed Rules: 45
  • New Final Rules: 58
  • 2017 Total Pages of Regulation: 28,746
  • 2017 Final Rules: $31.6 Billion
  • 2017 Proposed Rules: $114.2 Billion

The American Action Forum (AAF) has catalogued regulations according to their codification in the Code of Federal Regulations (CFR). The CFR is organized into 50 titles, with each title corresponding to an industry or part of government. This snapshot of final rules (a change from earlier versions) will help to determine which sectors of the economy receive the highest number of regulatory actions.

Aside from routine airworthiness directives and food importation rules, it was once again a quiet week for regulation. The three importation rules (for tree tomatoes, pomegranates, and growing media) could generate more than 8,500 paperwork hours.

This week, OIRA concluded review of a trio of regulations under the Toxic Substances Control Act; however, none were economically significant measures. OIRA also received an interim final rule to extend the compliance date for the nutritional facts and serving size regulation. The original rule imposed more than $4.3 billion in compliance burdens and had a July 26, 2018 compliance date for large manufacturers.

Tracking Regulatory Modernization

There were no deregulatory actions proposed or finalized this week. On regulatory budget implementation, below are the agencies that have accrued annual savings or new costs (assuming this EPA rule counts toward the budget) under the president’s one-in, two-out budget:

  • Defense: -$400 million
  • Interior: -$360 million
  • Education: -$100 million
  • Labor: -$78 million
  • Veterans Affairs: -$1.9 million
  • HHS: -$0.02 million
  • EPA: $60 million

Many of these figures are the result of CRA resolutions of disapproval. Given their historic regulatory output, AAF can predict that Defense, Interior, and Education will likely meet the goal of $0 in net regulatory costs by the end of this fiscal year.

Affordable Care Act

Since passage, based on total lifetime costs of the regulations, the Affordable Care Act has imposed costs of $53 billion in final state and private-sector burdens and 176.9 million annual paperwork hours.

Dodd-Frank

Click here to view the total estimated revised costs from Dodd-Frank; since passage, the legislation has produced more than 74.8 million final paperwork burden hours and imposed $38.5 billion in direct compliance costs.

Total Burdens

Since January 1, the federal government has published $145.9 billion in compliance costs ($31.6 billion in final rules) and has cut 18.4 million paperwork burden hours (due to 23.4 million in reductions from final rules). Click below for the latest Reg Rodeo findings.

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